Business

Tell me something; what comes into your mind when you think of a business, especially the one you’re starting from scratch? Funds, capital, gains, profits… all in all, it’s money. A business is a fair trade of loss and profit where you sometimes get lucky or sometimes… not so lucky. Let me tell you something quite fascinating: most people live under the illusion that you have to pour as much cash into the pothole of business to make it work. But practically, that isn’t how any business works.  You need skills and knowledge of the market to make your business reach the acme. A pure inspirational example is that of Sophia Amoruso, who started off by buying second-hand material and selling it off on her online e-bay store. By leaps and bounds, she now runs the company Nasty Gal and Gir...

Master data management is an ever-changing industry. Every year brings new challenges and the necessary skills of a professional in this industry shifts. But understanding the upcoming trends for 2019 is not only important for people within the industry, according to consultant Sam Ovens. Business owners, too, should know about how data management is changing, since they are the ultimate end users. Let’s take a look at the main master data management trends for 2019. Data Quality Tools in the MDM Environment It’s common for data quality tools in the master data management environment to have an automatic cleaning feature. These tools tend to identify, match, and store data without cleansing. However, this is not ideal for clients who already have cleansing solutions established wit...

Technology has had a liberating effect on society, using open data sharing to turn mundane tasks into quick or automated blips in the day. However, the open sharing of data to create these circumstances has not come without consequences; a multitude of fines have been issued for data breaches, with one totaling $1.3m, and new legislation could send those responsible for data breaches to prison for 20 years. Technological advancement continues regardless of any setbacks, with contactless transactions – currently used for payments, but capable of so much more – set to take center stage. Businesses need to adapt to keep up, but how do companies adapt to the shifting landscape? As technology creates new problems, it provides answers, too. Through tying together new standards and protocols w...

Are you protected from click fraud and do you know what you can do to avoid it? In this infographic, you'll learn everything you need to know about click fraud. Have a look at this Infographic by Website Promoter:

Being a property manager is a tough job. You always have a million things going at once, and keeping track of everything can quickly become overwhelming. You have to keep track of meetings, handle your client relations, deal with tasks, keep track of deadlines, manage your team, and so on. The list can be made long. Now, as a property manager or a field service provider, all of these things are natural parts of the job, and they are impossible to get away from. But the good news is that just with everything, the job of a property manager or a field service provider can be streamlined. A lot. With the help of the right tools, you can remove stress, streamline all each and every single part of your job, and become more productive and feel less stressed. Now, let’s break down the ...

Shopify is one of the more preferred ecommerce platforms, it has great features and readily integrates with third party apps that help you maximize and optimize your ecommerce business.  Shopify currently has more than 600,000 users spread across 175 countries, it enjoys wide appeal and adoption.  Whereas Shopify isn't 100% flawless, it has nearly everything you require plus more to run a successful online retail business, hence the huge following.  Some of these features include: a fully functional website with blog thousands of themes to choose from easy website customization requiring no coding skills domain name registration/hosting packages free SSL certificate  shopping cart integration  dropshipping integration lots of apps, plugins and extensions ...

Looking to build and strengthen customer relationships? Your customers are everything as a brand. Without customers, you wouldn’t be able to continue running your business. Most brands put great effort into acquiring new customers, but there’s another strategy that has proven to be far more effective…. That is working to improve customer relationships. A study found that it is 6-7 times more expensive to acquire a new customer than it is to keep a current one. That might come as a surprise to some, but when you think about it, it’s very obvious. Working to acquire new customers is a tough job, with marketing investments needed. And even then, it’s not sure that you’ll acquire any new customers. With customer relationships, however, it’s a completely different ball game. ...

Looking to humanize your brand? Look no further! In marketing and business, people talk about acquiring customers, they talk about driving sales and many talks about building relationships with their customers. The latter is a huge deal for brands, and come with its own sets of incredible benefits. You yourself probably have a strategy in place for how you’re going to build your customer relationships. Unfortunately, though. there are a lot of misconceptions when it comes to building relationships with customers as a brand. The good news is that brands and marketers understand the importance of doing so, as it increases customer loyalty, customer retention, and ultimately lead to a greater spend. Here’s something that is huge news for you, though: The foundation for buildin...

How software systems can help restaurant businesses Operating as a cashier at a restaurant is hard. There are so many things to keep track of, and if you've ever worked with operations, or ”on the field” of a restaurant, you know how stressful the management and the daily operations are. As a cashier, the job can be very stressful. But like with most things, there are tools available that can significantly streamline the working process as a restaurant cashier. If you aren’t using tools to streamline your work and save time, you’re missing out on tremendous opportunities. Just like with anything, there are tools that can help make your job easier. For example, why would you use a spade to dig a ditch by hand when you have a hard job in front of you when you could use an excava...

There are certain areas of your business you need to pay more attention to in 2018 in light of the rapidly evolving entrepreneurial space, failure of which may result in business failure sooner or later. This is a fact known to many business owners. What many people, however, do not know is which particular areas exactly to focus on and improve. This can create a major dilemma. On the other hand, having clear-cut KPI makes troubleshooting and optimization a tad easier and the job of being a CEO or founder more enjoyable. In this article, I highlight 4 key areas of your business you need to pay more attention to in 2018 and going forward because as we know it is cheaper to pay attention than to pay dearly, but first:   1.Customers Customers, especially repeat customers ...

Are chatbots changing the customer service industry? Will chatbots revolutionize it in the future? When it comes to chatbots and new technology such as AI and VR, there are a lot of unanswered questions. That's because to most people, it's something very new. Customer service has always been an integral part of running a business venture. And throughout its long history, the discipline has remained largely unchanged. At its core, customer service was always concerned with a single goal – ensuring that the products and services which customers have purchased work as intended. In this sense, it may seem that there is little room for innovation in the field. After all, you will always have a customer or client submitting an issue on one side, and a customer service representative on ...

If productivity is lagging among your employees, it’s often a sign of a bigger problem: an unhealthy company culture. Disengaged employees drag the company down, while engaged employees are more productive and show up to work more often too. Yet, according to a Gallup poll, only about one-third of employees in the U.S. workforce feel engaged. You can help change that by implementing all sorts of employee engagement activities. It’s likely to make workers feel more valued and ultimately, more productive. Stop Micromanaging If you’re a micromanager, or if you have a micromanager working for you, you should know that one of the most effective ways to increase productivity is to halt that habit. Instead, encourage employees to take ownership of how they manage their own time. The best ...

Whether your business is struggling to meet goals or is performing well and ready to take it to the next level, one of the most important things for any company to do is continually expand and improve its product mix.  It’s vital to avoid letting your offerings grow stagnant and outdated, so let’s look at some of the biggest reasons to continue evolving and tinkering with your product mix to increase your bottom line and maintain your standing in your industry. Competition Competition within an industry is perhaps the most significant driving force behind innovations and improvements in a company's catalog. Earning customer loyalty is a difficult task, and once you've built a reputation of providing a quality product that your customers would recommend to a friend, you want to maintain t...

Аrе уоu а сhrоnіс оvеrsреndеr? Іf уоu stаrt еасh mоnth wіth grеаt іntеntіоns аnd sреnd ассоrdіng tо а sеt рlаn, but еvеntuаllу fіnd уоursеlf mаkіng mіndlеss рurсhаsеs јustіfіеd bу thаt еvеr dаngеrоus “а lіttlе wоn’t hurt” аttіtudе, уоu’rе lіkеlу fасіng аn еmрtу bаnk ассоunt аnd sеvеrе buуеr’s rеmоrsе bу thе еnd оf thе mоnth. Оnсе уоu rеаlіzе уоu’vе сhірреd аwау аt whаtеvеr сushіоn уоu hаd іn рlасе, уоu’rе lеft sсrаmblіng fоr mоnеу – оr wоrsе, usіng сrеdіt саrds tо соvеr уоur bаd mоvеs. Оvеrsреndіng іs оftеn а lеаrnеd bеhаvіоr thаt саn rеsult frоm еmоtіоnаl іssuеs (“І’m іn а bаd mооd, sо І’m gоіng shорріng”), fаmіlу uрbrіngіng (“І соuldn’t аffоrd muсh аs а kіd, but nоw І саn”), оr еvеn lіfеstуlе іnflаtіоn (“І gоt а rаіsе, sо І dеsеrvе а nеw саr”). Іt’s nоt аlwауs еаsу tо rесоgnіzе уоur о...

The most excellent gift technology has given us that we can quickly earn money by sitting in the comforts of our home. These days every other person is blogging about different topics and makes money out of it. Of course, to do such a thing, you also need to invest some of your time and money on it if you want to start your business through it. There are people who do believe that blogging will not get you anywhere when we talk about making it a source of income. That could be true if you do not have a proper plan and an idea in your mind. Emily Bell, editor-in-chief of Guardian Unlimited, says about blogging that it is a fantastic way to “try things out at the edge.” If you have just started to build your own business through blogging, you might find ebroker helpful. You cannot make...